Youku Tudou Inc Cut to “Equal Weight” at Morgan Stanley (YOKU)
A number of other firms have also recently commented on YOKU. Analysts at Goldman Sachs cut their price target on shares of Youku Tudou Inc to $21.00 in a research note on Wednesday. Separately, analysts at Brean Capital cut their price target on shares of Youku Tudou Inc from $27.00 to $24.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at T.H. Capital initiated coverage on shares of Youku Tudou Inc in a research note on Monday. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Youku Tudou Inc has an average rating of “Hold” and a consensus price target of $25.33.
Youku Tudou Inc (NASDAQ:YOKU) traded down 9.62% during mid-day trading on Wednesday, hitting $19.45. The stock had a trading volume of 8,210,378 shares. Youku Tudou Inc has a 52-week low of $17.77 and a 52-week high of $37.74. The stock has a 50-day moving average of $20.79 and a 200-day moving average of $24.3. The company’s market cap is $3.275 billion.
Youku Tudou Inc (NASDAQ:YOKU) last posted its quarterly earnings results on Tuesday, August 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.27. The company had revenue of $154.54 million for the quarter. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. Analysts expect that Youku Tudou Inc will post $-1.71 EPS for the current fiscal year.
Youku Tudou Inc (NASDAQ:YOKU), formerly Youku Inc, is an Internet television company in the People’s Republic of China.
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